ASSA ABLOY has acquired Uhlmann & Zacher GmbH (Uhlmann & Zacher), a German supplier of access control handles and knobs and corresponding software.
"I am very pleased to welcome Uhlmann & Zacher to ASSA ABLOY. This acquisition delivers on our strategy to add complementary products and solutions to our core business," says Nico Delvaux, President and CEO of ASSA ABLOY.
"We are thrilled to welcome Uhlmann & Zacher to ASSA ABLOY. With over 30 years of expertise and a strong reputation for innovation in electronic locking systems, it is a perfect addition to our portfolio. This acquisition enhances our ability to serve customers in Germany and internationally. Together, we look forward to driving even greater value for our customers," says Neil Vann, Executive Vice President of ASSA ABLOY and Head of the EMEIA Division.
Uhlmann & Zacher was established in 1990 and has some 110 employees. The main office and factory are located in Waldbüttelbrunn, Bavaria, Germany.
Sales for 2024 amounted to about MEUR 21 (approx. MSEK 240) with a good EBIT margin. The acquisition will be accretive to EPS from the start.
For more information, please contact:
- Nico Delvaux, President and CEO, tel. no: +46 8 506 485 82
- Erik Pieder, CFO and Executive Vice President, tel. no: +46 8 506 485 72
- Björn Tibell, Head of Investor Relations, tel. no: +46 70 275 67 68, e-mail: [email protected]
